Our last projection for the GBPUSD still applied after market fell below the daily trend support at 1.3280 which could lead to more pressure over the market.
As we see over the previous chart, Intraday prices show resistance around 1.3325, where as long as the market holds below it, more of drop toward targets and supports 1.3160 and 1.3010 is likely. Each support could push for a rebound.
The first support 1.3160 managed to push for some rebound correction in the last three trading days while more drop toward 1.3010 still expected
Below 1.3010 more of a drop toward 1.2705 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3160 | 1.3325 |
| LEVEL2 | 1.3010 | 1.3450-60 |
| LEVEL3 | 1.2860 | 1.3630-60 |
